CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The newly-named Department for Promotion of Industry and Internal Trade will work under which union ministry?

A	Ministry of Labour and Employment
B	Ministry of Commerce and Industry
C	Ministry of Finance
D	Ministry of Consumer Affairs

Explanation:

Detailed explanation-1: -The government has notified changing the name of the Department of Industrial Policy & Promotion (DIPP) to the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry.

Detailed explanation-2: -Administered by the Ministry of Commerce and Industry, it is a nodal Government agency with a responsibility to formulate and implement growth strategies for the Industrial Sector along with other Socio-Economic objectives and national priorities.

Detailed explanation-3: -Foreign Direct Investment (FDI) Policy by Department for Promotion of Industry and Internal Trade under Ministry of Commerce and Industry is provided for the users along with press notes on the policy.

There is 1 question to complete.